THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week to P16.26 per kilogram in the second week of March, with prices down 14.2% year-on-year, according to the Philippine Statistics Authority (PSA).
In its weekly update on palay, rice, and corn prices, the PSA said that both the average wholesale and retail price of well-milled rice (WMR) rose 0.1% week-on-week to P37.09 and P41.14, respectively.
The average wholesale price of regular-milled rice (RMR) rose 0.3% week-on-week to P32.83, while the retail price rose 0.6% to P36.23.
The average farmgate price of yellow corn grain rose 0.5% week-on-week to P12.13.
The average wholesale price of yellow corn grain rose 1.3% to P21.48 per kg while the average retail price was flat at P25 per kg.
The farmgate price of white corn grain fell 0.3% week-on-week to P13.27.
The average wholesale price of white corn grain rose 0.3% week-on-week to P15.33 while the average retail price increased 0.2% to P26.90.
The PSA released two weeks’ worth of data in its latest report. In the first week of March, the average farmgate price of palay rose 0.4% to P16.25. Year-on-year, the price declined 14.6%. — Revin Mikhael D. Ochave